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This individual Report U.S. Credit Card Debt: Circle the Wagons and Fortify is available for purchase. This Report is available to members of Mercator Advisory Group’s Credit Advisory Service. Please be advised that this Report is normally part of a research and advisory service that provides ongoing support throughout the year. As such, this Report contains significant depth of content that is selected for its strategic importance to our members. (For a description of these services, see our Advisory Services section).

While the Report represents significant analyst time invested, there is no means of our ascertaining if it will fully meet your specific intended purposes. Typically, these Reports form the basis for future discussions with our clients where we are able to fine-tune additional information that we have gathered in the construction of the series of Reports (or locate new information rapidly due to our exclusive focus on gathering information in the payments industry) for specific member needs.

Unfortunately, in fairness to our paying members, we are not able to offer this level of support for a single Report purchase. We will, however, credit any Research Document purchase against the future purchase price of the service should you become a member within 30 days of purchasing the document.

Mercator Advisory Group’s latest research, U.S.
Credit Card Debt: Circle the Wagons and Fortify, discusses the rapid
post-recession buildup in consumer credit card debt in the United States and
why credit card issuers must ensure their operations are running at full speed
to protect against an upcoming wave of potential write-off, which will
translate into lower credit card industry profits and balance sheet risk.

According to the report, U.S. households are adding new
credit despite sky-high volumes of outstanding credit card debt, auto finance,
and student loans. Adding new customers and coming up with new payment tools is
exciting, but issuers need to keep their eye-on-the ball particularly since the
lending growth is outpacing household income growth.

“From a lender’s lens, growth is terrific, but from an
investment view, question arises: Can the U.S. household carry all this debt?
Bankers need to harness their credit card portfolios with leading-edge
collection tools and execute the right strategies to rehabilitate fragile
household budgets. The focus needs to be on collection tools, technology, and
staff development,” commented Brian Riley, Director, Credit Advisory Service,
Mercator Advisory Group, author of the report.